Tuesday, April 29, 2008 1:51:02 AM
They ran ads on Bloomberg and CNBC and it appears the only result was its benefit to pumping the stock, but certainly not in subscriptions.
The reality is no serious trader can afford to use their product. It has never delivered. And they promised three versions of their product, including a mobile platform and a trading platform, over a year ago and they never materialized.
If they cannot master the rudimentary demands of delivering basic Level 2 data why should anybody expect them to be worthwhile custodians of your brokerage account?
And if they did use money gained by diluting the stock 218% post-split to raise the funds to acquire a brokerage what will the client base of that firm think when the company they've been doing business with was acquired by an incompetent management with a publicly documented history of deceit like iFinix? Not much.
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